Bybit039s – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Fri, 25 Apr 2025 03:54:46 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.9 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Bybit039s – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Bybit's Liquidity Shield Trading Frenzy Featured in New BitDegree Mission https://earlybirdsinvest.com/bybits-liquidity-shield-trading-frenzy-featured-in-new-bitdegree-mission/ https://earlybirdsinvest.com/bybits-liquidity-shield-trading-frenzy-featured-in-new-bitdegree-mission/#respond Fri, 25 Apr 2025 03:54:46 +0000 https://earlybirdsinvest.com/bybits-liquidity-shield-trading-frenzy-featured-in-new-bitdegree-mission/

BitDegree, the leading platform for Web3 education, has featured Bybit’s



$3.38B

limited-time trading event in its latest Mission,
Liquidity Shield Trading Frenzy With Bybit.

Available until May 3, 2025, at 10:00 AM UTC, the Liquidity Shield Trading Frenzy event offers a share of a 1,000,000 USDT
USDT


$0.9941

prize pool across three main activities.

The Liquidity Shield allows users to trade top USDT pairs using market orders. If the price changes during the trade, users may receive compensation of up to 10 USDT per trade, capped at 1,000 USDT per user.

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The Ultimate 100 gives users a chance to earn rewards through Spot trading. The top 100 traders, ranked by trading volume, can win up to 20,000 USDT.

In the Power Boost, users can compete for a share of 500,000 USDT by trading select tokens, including SOSO, GPS, and SWELL—each with its own dedicated prize pool. The more a user trades, the larger their potential share.

To qualify for rewards, users must have a Bybit account, pass Level 1 Know Your Customer (KYC) verification, and complete the event’s trading tasks.

Bybit will distribute rewards to the Rewards Hub within 10 working days after the event concludes.

By participating in the Mission via BitDegree’s play-to-earn app or website, users can learn more about the Liquidity Shield Trading Frenzy event and earn up to 1,500 Bits for completing all rounds.

Users can collect even more Bits by participating in other Missions. For example, the previously launched Freename: Own Your Web3 Domain for Life Mission offers up to 1,400 Bits, along with other rewards.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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Crypto Exchanges Start to Fill Bybit's $1.4B Hole as Hackers Move Stolen Funds https://earlybirdsinvest.com/crypto-exchanges-start-to-fill-bybits-1-4b-hole-as-hackers-move-stolen-funds/ https://earlybirdsinvest.com/crypto-exchanges-start-to-fill-bybits-1-4b-hole-as-hackers-move-stolen-funds/#respond Sat, 22 Feb 2025 12:30:30 +0000 https://earlybirdsinvest.com/crypto-exchanges-start-to-fill-bybits-1-4b-hole-as-hackers-move-stolen-funds/

Crypto exchange Bitget has transferred 40,000 ether (ETH), worth $105 million, to Bybit, offering crucial support to its industry counterpart in the wake of the over billion-dollar hack suffered by the exchange.

The funds transferred are from Bitget’s own reserves, not user deposits, which remain securely stored on the platform and can be cross checked through the proof of reserves, the exchange’s CEO, Gracy Chen, said in a note shared with CoinDesk, while assuring more support if needed.

“At Bitget we strongly believe in supporting the community and everyone contributing towards the growth of crypto,” Chen said.

A suspected North Korean entity drained approximately $1.4 billion in ether from Bybit on Friday. The hack prompted an unprecedented wave of withdrawal requests from users, with the exchange successfully processing 99% of them, effectively facing a significant market stress test.

Part of the stolen funds started to move during Asian afternoon hours on Saturday with over 5,000 ETH moved through eXch mixer – a service that masks wallet address – before being sent to bridge protocol ChainFlip where the stash was converted to bitcoin (BTC).

In an X post, ChainFlip said it couldn’t block fund movements as it was a fully decentralized applications that relies on automated smart contracts, but that it had “turned off some frontend services to stop the flow.”

On the other hand, Bitget has blacklisted wallets tied to the hacker that drained ether worth millions from Bybit on Friday.

“We will block any transactions flowing in from illicit addresses to the exchange once it has been monitored. Our team of security, and researchers, are currently tracking these activities,” Chen said.

Despite the hack, Bybit had managed to process over 350,000 withdrawal requests and has since restored normal withdrawal operations, per an X post.

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